While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

Quote from @Stuart Udis: @Robert Ellis In order for the QOZ investor to reap the tax benefits the hold period has to be longer.

This allows you to benefit from appreciation, continue building equity, and still access capital for new deals without sacrificing an ultra-low fixed-rate loan.Would love to hear what direction you’re leaning—lots of ways to approach this depending on your risk tolerance and goals!

The other factor that's relevant for me is that my husband is a high end W-2 wage earner and we could greatly benefit from the potential tax benefits of actively managing the property. 

But if you have passive income from another rental or real estate syndications, using it now might actually be a good idea.It all comes down to strategy—don’t rush the process just to get tax benefits if it’s going to make financing your next deal harder.

They also like the tax benefits associated with ownership.I've taken both approaches and have benefited from each.

Syndications are great for truly passive income, offering tax benefits and diversification, but require high minimum investments and long-term commitments.

Those tend to be the neighborhoods that are gentrifying.Unique stuff to Pittsburgh I would say is don't go based on zip codes since one zip code can be composed of multiple different areas/neighborhoods.

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

This can lead to significant tax benefits and improved cash flow.I'm here to share my knowledge and answer any questions you may have about cost segregation, how it works, and whether it's a good fit for your investment properties.